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were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
. lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back winto the house and writin a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to cov covers the budget debates. republicans cover five issues, they want to cut the democrbudg deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are now sa
the americans people and addresses things that are important to american families. you know, fixing the tax code, lowering the rates means more jobs and higher wages for the american people. voting for this budget means voting for the keystone pipeline. american-made energy means more jobs and lowering energy prices for the marn people. supporting patient-centered reforms means more jobs and lower health care costs for the american people. and protecting and strengthening medicare meeds a secure retirement for older americans. cutting waste means more airness and accountability for hardworking taxpayers. doing this means preserving the american dream, which is what we were sent here to do. we've balanced the budget before. 1997, republican congress working with a democrat president, bill clinton, came together to put the plan that would in fact balance the budget and we did. for four years ran a budget surplus. the president has an opportunity during this critical debate to come forward and to help make this part of his legacy like it has become part of the clinton legacy. working together on be
billion. >>> a new report shows three of the four companies paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-o
, younger people to have the bulk of their payroll taxes go in their own personal accounts so sensible rules and diversification, as you get older more in short-term so you don't have to worry about stock market crashes. three counties in texas pulled out of social security, in the early 1980s. they didn't put a penny in the stock market. those folks today retiring with 50% to 200% more benefits than they would ha had with social security. when it comes to investing mutual funds, sound insurers and the trust i'll trust that over what washington does. >> and rgan, that gives people a choice. shouldn't we have a choice. it's our money, right? >> i love that idea and i'm all for the concept of a choice which is why i do think we should be reforming social security but i don'ts think we should be scrapping it. >> what about the choice issue? shouldn't we have a choice? it's our money, supposed to be a trust fund sort of like a savings account. obviously it's not. >> in a perfect world i completely agree there should be a choice. but i'm serious what i've been saying, david. we've got to see that
paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-old dennis macedo. po
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
federal return for free. it's free to prepare, print, e-file and you can even chat with a tax expert. get the federal free edition at turbotax.com. people have chosen it again and again for over eight years. its key ingredients are also found in every day food like avocados, broccoli and bananas. it contains about as much caffeine as a cup of the leading premium coffee. zero sugar. four calories. 5-hour energy is like... coffee with vitamins and nutrients. simple. put them together and it's a great combination. try a sip... then decide. ♪ ticktock on the clock but the party don't stop ♪ >>> all right, time for today's "quick fix." it always happens when your makeup starts to run. >>> here with quick fixes is "marie claire" fashion editor marie roberts. >> you two look gorgeous, by the way. >> thank you. >> help us out when the hem falls, what should we do? >> very easy thing, most people have in their house is masking tape or duct tape. i prefer to use a double-sided tape, top stick, pure style works because it actually goes with the fabric. pop it behind, pull this off, roll it over
tax that helps bankroll the law. stuart varney, anchor of "varney & company" on the fox who upwards 40 million people will be paying a whole lot more for their individual coverage after obamacare takes full effect next year. in some cases, the premiums that we will pay will double. remember this is a 17,000 page list of rules for obamacare. it takes full effect next year, january the 1st, and already you can see a great deal of dissent on how to pay for it and what it's actually going to cost and there is real, real concern here, that it won't be implemented properly on time. heather: yeah. all those exchanges. 33 different states, not forming them on their own. >> that's right. heather: thanks so much, stu. we appreciate it. we'll talk a little bit more about it with our political panel later. bill: what do you do with this now? you were counting on this revenue to pay for other aspects of the law. where do you find the money. heather: there are 20 new taxes included to pay for it. bill: we're just getting started. chinese former nasa contractor under suspicion of stealing u.s. secret
dollars in tax increases, that's just over the next decade. no republicans voting for the bill, four democrats voting against it. now goes to the house where it is expected to be shot down. senators recently voted down a budget plan passed by the republican controlled house. how about this. there is a lot of buzz over a possible meteor spotted last night. we have video for you from maryland. hundreds of people from north carolina all the way up to maine reporting a bright fire ball flash across the sky. a car dealership in d.c. claims to have captured it on security video. experts say the space rock is probably the size of a volleyball and burned up in the atmosphere. now you know. i'll see you again at 1:00 p.m. eastern. back to forbes on fox. >> too little too late for too many workers. a new report revealing 30% of young americans say they have no confidence they will have enough cash to retire comfortably. that is a record high. before we hear the forbes flip side on why we need to ditch social security listen to what they have to say. >> i save on my own. i don't trust social se
spent it all. >> jesse: only 30 million. >> clayton: and now talk about what the taxes look on all of this. can i play the opposite side. you win million, 25% of that lump tum gone to the federal government and 84 information gone to, 0 gone to the federal governme government. >> alisyn: and then new jersey has a high state tax as you can see, 10.8%, so 36 1/2 million will go to new jersey, i know you're thinking, can i move today to texas? and i know you shall the winner are listening and kudos for your ingenuity. yes, you might be able to move to a state with no state tax, but new jersey might still take it. >> jesse: and if chris christie has its way, going to get more of your dough because i think the 7.8 to 9.8, good luck. >> clayton: hallelujah. still taking home 216 million dollars. that's what he would get it end. >> jesse: what would you do with that kind of dough. >> alisyn: let's talk about that. >> clayton: i don't know. >> jesse: would you buy me a boat. >> clayton: i would buy you a boat first. i don't know helping starving children i would help jesse get a boat. >> j
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account as a tax. tonight, the plan in one country to do just that and the shock felt around the world. plus, campus shooting plot foiled. tonight, guns, bombs and suicide at one of the biggest universities in america. late night panic and fear on campus. >> the cops had guns and were telling everyone to run. >> shepard: now the suspect is dead. why did he have all the weapons and explosives? tonight, investigators dig into the deadly dorm room drama. and a couple of dare devils do a skyscraper fly by. with nothing more than a pair of wings but first from fox this monday night, police are now saying this could have been a disaster. hundreds of students had the one of the largest universities in our nation evacuated after report of a man with a gun on campus. but there was so much more. when police entered the suspect's dorm room, they found him dead with a pistol and an assault rifle. and a bagful of homemade bombs. and investigators say it now appears to them the suspect was planning some kind of attack. it happened a little after midnight in dorm tower 1 at the university of central
tomorrow morning. there's still no plan here. in fact, you heard about plan a which was to tax deposits. now we have heard that plan b has been rejected by the troika as well. cyprus government said to the troika, their european partners who they want them to lend money to, they said to them, listen, instead of taxing deposits why don't we do this instead. we have a pension fund, we'll raid it, take the cash, turn it into bond and we'll pay it back over time. the troika said that doesn't do anything for you. you still have liabilities. then they said we're also going it try to sell one of the bad banks. and the fact of the matter is if the bad bank were sellable, people like chris flowers and wilbur ross and tim collins would have been here a long time trying to buy it. they said maybe we'll split it up, divide it into the good bank and bad bank. we'll sell the good bank to the russians and the troika said selling the good bank is the easy part. what are you going to do with the bad bank? none of that is going to work. you will hear more about what the hopes are for russia from steve in
. and really what is driving the dow jones. >> european markets and levyiing a tax... they did not want to bail out and the european nations but it is no we were at 10 straight days of a record high. many reasons that this happened is because it wa on down 5 1/2% for however, it looked like it was getting back to normal. >> what is interesting about cyprus is that it is a bit of an analogy like the cayman islands. where there are a lot of money invested offshore? was there any tax consequences? >> they have a bank holiday today. seousometimes they will lose confidence and not be able to get their money overseas. >> what about ope housing in the bay area are here today? >> yes this report released from data quick what i think that could derail the stock market's is possibly interest rates. i would see them to say that it would be a good thing for the bull market for the cyprus money situation. >> keeping interest rates low. >> and there are no right answers there is a plus and minus. we are going to come back with robert black at 9:15 and 6:48. erica? >> good morning. let me start off with this
prosecutors a tax form showing the client had won $400,000 in gambling in las vague yachls now, prosecutors say they're checking that out. they don't know what happened to that money. vic lee abc 7 news. >> thank you very much. a different part of the bay in an effort to get a handle on a violent crime problem, the police chief has a new strategy tonight. laura anthon lee is live to explain. laura? >> hi, dan, neighborhood policing has been tried before here but this time the chief told us he thinks that it will work despite having many fewer officers than last time they tried it. this is a model in many cities. >> the police chief announced a new neighborhood policing plan for a city. he believes will not only take a bite out of crime but strengthens ties between officer asks the community. >> captains will be charged of a smaller area gives us best opportunities to do that. >> area two ran from fruit veil to the san leandro border encompassing three districts. in the new plan the same area is broken into two districts, four, five, each with its own captain he will be held acc
to waive the hotel taxes that could mean millions of dollars. >> off what could help santa clara, san francisco is the fact that miami the other city competing for 2016 has told the nfl will not waive the hotel taxes. santa clara will decide if that will happen. >> we will look at that and perhaps at that time they will say the bay area is a much better deal and miami. >> will have to wait and see. do we have any idea when they make the decision. >> the owners have to get together and vote? >> may 22nd there will make the decision. they have to give the host city several years to prepare to get the infrastructure in place. they have to build facilities if necessary to host insuperable. >> if i just left norland it is huge. you need all kinds of buildings conference rooms and all these things to host the nfl media as well as the activity for the fans. >> we shall see will. thank you for the update. 7 07 we will be back with more in a couple of minutes. a live look outside as we wait for the weather is a change. if we're looking at storm had our way. will have more on the timing in a co
and samsung's executive. the package includes tax breaks and equipment reimbursements. the city of austin, texas was offering similar incentives in an effort to get samsung to move there. >>> sal is back. don't tell me we have caltrain delays, sal. >> we do. as a matter of fact, we do. unfortunately, these delays to be for a while, tori and dave. this is because of a train, a northbound train, 211, apparently hit someone. this is reportedly. we're trying to confirm. northbound train 211 has hit a pedestrian in mountain view. we can go to the maps. i'll show you that the area here that's where the train travels can be delayed for the entire system. the freeway nearby, not all that busy. unfortunately, when there are major caltrain delays, some people choose to drive. you might want to think about that if you are driving on 101 or on 280. we'll get more information on this. this is just coming in. let's go to live pictures. that's backed up for about a 15, 20 minute delay. finally got some help for that stalled vehicle we were talking about, the tow truck is there at the bottom of the scree
reed and samsung's executive. the package includes tax breaks and equipment reimbursements. the city of austin, texas was offering similar incentives in an effort to get samsung to move there. >>> sal is back. don't tell me we have caltrain delays, sal. >> we do. as a matter of fact, we do. unfortunately, these delays to be for a while, tori and dave. this is because of a train, a northbound train, 211, apparently hit someone. this is reportedly. we're trying to confirm. northbound train 211 has hit a pedestrian in mountain view. we can go to the maps. i'll show you that the area here that's where the train travels can be delayed for the entire system. the freeway nearby, not all that busy. unfortunately, when there are major caltrain delays, some people choose to drive. you might want to think about that if you are driving on 101 or on 280. we'll get more information on this. this is just coming in. let's go to live pictures. that's backed up for about a 15, 20 minute delay. finally got some help for that stalled vehicle we were talking about,
because the postal service doesn't receive federal appropriations, it doesn't receive tax money, and patrick donohue says they never will. >> thank you. happening right now, day one of a week-long experiment open bart, aiming to test whether bicyclists and other passengers can share bart trains during the high commute hours. our news reporter is live at the bart station in oakland. how is it going so far, amy? >> kristen, we have not seen major problems but the debate is raging on. bart is trying to make it more comfortable for everyone, trying to make this work. but bicycle riders say they realize it is crowd asked they worried about tonight saying the evening commute is when it really is jammed up in there. >> bicycles are allowed on bart trains at any hour this week but that does not necessarily mean they welcome. >> they are constantly in the way and they take up two or three chairs. you commute around 5:00, it is not a good idea to have them. it is really crowded. >> officials say they have reconfigured the trains to try and create more space for bicycle riders and will try
to town voting unanimously to waive a list of fees from hotel tax for nfl staff rooms to ticket sir charges, parking fees, all nfl requirements if santa clara wants to be considered as a super bowl host. the new stadium is finished in next year and if the super bowl comes in 2016 the stadium will be two years old at the time of the the hilton santa clara is optimistically planning a $140-room addition in time, ready in time, for the super bowl in 2016. the city will make their pitch to the nfl in may. >> we have some fees waived so we are more attractive. it is the first time we are doing this. we want to be competitive. >> miami is also a contender and will be competing against santa clara but miami has already posted ten super bowls. perhaps it is someone else's turn and sources tell abc7 news that miami probably cannot afford to waive those fees. the city of santa clara will take their pitch package to the nfl on may 21st. >> thank you. new this morning, president obama is now in israel going the first visit to the country and a new effort for peace between israelis and palestini
does george h. bush say? >> read my lips: no new taxes. >>anna: adorable. this pint-sized impersonator taking the internet by storm. >>brian: more people than ever are relying on food stamps. is our government getting the blame or the credit? the blame or the credit? a closer look next. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. with annoying aches and pains and more time asleep. gotta get that bacon! bacon?! bacooon! smokey bacon, meaty bacon, tasty bacon! bacon? ohh la laa. i say, is that bacon? oh! good heavens! bacon! bacon! who wants a beggin' strip?? me! i'd get it myself but i don't have thumbs!! mmm mmm mmm mmm mmmm it's beggin! mmm i love you... (announcer) beggin' strips...made with real bacon. there's no time like beggin' t
to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> can $10 million make a bunch of stuffy old men less stuffy? less old? less male? it's monday, march 18th and this is "now." >>> joining me today here in washington, d.c., former white house press secretary, and msnbc contributor, robert gibbs, national political reporter at the "washington post," malika henderson, bbc world news anchor, catty kay and "washington post" columnist and msnbc political analyst, the inimitab ablable eugene robinso. >>> four months after the gop's loss at the election, the results are in, cause of death, massive full-body trauma. >> our message was weak, our ground game was insufficient. we weren't inclusive. we were behind in both data and dig
after its parliament rejected an international bailout package that would have taxed savers and depositors. michelle caruso-cabrera is on the ground right now. she joins us live with the very latest from cyprus. over to you, michelle. >> reporter: hey, there, maria. the very latest that the cyprus plan tried in part trying to raid a pension fund. cash in the pension fund used now and promising to pay the workers later. but their european partners said, no, that's not going to work, because all you're going to do is defer liabilities. it doesn't help your debt profile. so we don't like that. now they're working on plan "c." the question is, what is that? here's the very latest, the bank holiday, as a result of all of this indecision and inaction has been extended and now it looks like the banks will not open until tuesday of next week, a full week without the banking system operating. the minister of finance is in russia, trying to square away a deal there. we haven't had any good results from there. and then very, very worrisome, a member of the ecb talking even tougher late
of reforming social security and medicare balancing the budget and reforming taxes there are some things. you touched on one. legalization of drugs. sea co-sponsor with a bill by senator leahy, he in essence decriminalized possession of drugs. last year he led an effort, a rather lonely effort to stop a ban on synthetic drugs. he held up the bill eventually passed by a 96 to 1 vote in the senate. so there are some things that he is not in -- >> bill: why did he do that? most people don't know what that is all about. he was the only voice against. >> actually, he ended up not voting on it. the only vote cast against it. >> bill: why? >> i assume that he didn't believe that we ought to ban the synthetic drugs. and bernie sanders was the only member of the congress to actually vote against it. rand paul and two others failed to vote. but he had -- he held up the legislation when it was a stand alone bill sponsored by senator -- democrat of minnesota. a war on drugs is not the only war that he has got some problems with the war on terror. he jumped to the imagination of the american people by tak
issue is whether loving and committed same sex couples who served their country to ho pay taxes. some of whom are raising families, whether they should be able to take part in the fundamentally american freedom to marry. by the way those we talked to out there in the snow exclude included the first same sex couple in california to marry when it was temporarily legal. >> shepard: how do people plan to situate justices. >> in the california case of course they are going to argue the courts should not overturn a majority something california voters said they wanted a ban on gay marriage in their state. when it comes to the federal law, they also believe the justices are not ready to completely redefine something that has been at the foundation of society. here is brian brown, president of national organization for marriage. >> i don't think the justices, the majority of the justices are going to want to launch another culture war and are going to respect the right of voters to decide their future to decide something as simple as that it takes a man and woman to make a marriage. >> and th
. a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know you're coming to herminie. woman: the aroma in 90-degree days... can sometimes just want to knock you over. woman: we have water. we have power, we have gas, but we have no sewage. i guess when they laid out the town years ago, it just all went into the pipes and straight into the "crick." sabljak: i've lived here 43 years in the same house. when i moved here, they told us that sewage would be here shortly. and here it is 43 years later and we still don't have it. my husband and i went to the first meeting. he always said, "boy, i'll never see it in my lifetime." well... my husband passed away last
official admits using tax money. tonight the one thing kept him out of prison. >> a management makeover at police headquarters. opd brass gets new responsibilities in the fight against crime. >> a step in california high speed rail project. the state can now proceed to borrow another $8 billion to build it. >> live on bart. to gauge reaction to letting bikes on board. >> he served the south bay as a county supervisor. he broke public trust. now, destined to serve time for the crimes committed. >> former santa clara county supervisor pleaded guilty today to charges of misusing taxpayer money. prosecutors say crimes were driven by gambling. vic lee is live with the latest. vic? >> this was the rise and fall of a popular politician. a second generation county supervisor took over his father's seat when he died. his gamble addiction got the better of him. tonight, today, his nightmare ended here at this court house. the disgraced former supervisor made no statements in court, never showed emotion, appearing with just his lawyer. no entourage. he stood before the judge as he read list of cha
city council to turn down the nfl request for tax breaks but we'll have to see what they decide tonight. >> thank you very much. two convicted swindlers got the harshest penalty ever handed dmoun a fraud case. you're looking live at the building involved. it's one of the city's prime pieces of real estate. abc 7 news is in the newsroom with the latest on it. vic? its got all of the makings of a novel, perhaps a movie. a ring of conartists making off with millions, money laundering condos, a fugitive on the and murder. the mastermind of the ring of thieves dubbed a dark prince. he may never be tried in this case, he's spending a life jents for murdering a 74-year-old palm springs man when he tried to steal his estate. his two accomplices appeared today to face their fate here. telecommunications executives and this tennis inspector were convicted for defrauding vips out of millions in real estate. today, the judge passed sentence. therefore mr. shaw sentenced to owe 20 years. >> the judge ordered shaw to pay a fine of $14 million. the co-defendant got 13 years prison in a four an
with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. >>> 15 past the hour. time to check our top stories. italian supreme court will decide if amanda knox should stand trial again for the hur of her roommate. the american student whose stories captured worldwide headlines spent four years in an
with overseas markets down after european leaders decided to tax every bank account to pay for a bailout triggering a run on a.t.m.'s in cyprus and the largest bank in europe will cut 5,000 jobs, part of a strategy to make hsbc more efficient and profitable with more than 40,000 emily is in the united states. >> the great and powerful oz is part of disney and had good word part of disney and had good word of mouth taking in $42let's pla: [ all ] who's new in the fridge! our mystery guest: ensure complete... uh...do you support bones? [ ding! ] i've got calcium and vitamin d. oh! immune system. [ ding! ] one word: antioxidants. heart health? [ ding! ] my omega 3s never skip a beat. how 'bout muscles? [ ding! ] i have protein and revigor to protect, preserve, and promote muscle health. [ ding! ding! ding! ] that's a winner! ensure complete! [ female announcer ] the four-in-one nutrition of ensure complete. a simple choice to help you eat right. [ major nutrition ] ensure complete. nutrition in charge. >> san rafael, south bay, pleasanton and all the bay area, this is abc7 news. >> good mon
a slow tart with worries about cyprus, a small country, small economy, but it plans to tax people's bank accounts their deposits because of their budget problems. that is raising new concerns about the stability of the european banking system and probably some worse on wall street, especially as we are up here near record highs and we are trading lower across the board and the silicon valley index down on the day so far. the fattest moving real estate market in the country shows the number homes uncontract in 24 hours or less, and the past five months, phoenix has 540 of the so-called flash sales, the most of many, and hoes is -- san jose is the 15th highest. the inventory shortage and higher buyer demand is fueling the instant sales and los angeles has more coming in at 7th and sacramento at eight. live from the new york stock exchange for your news. exchange for your news. >> the morning newsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the
citizen pay a tax on their bank deposits whether they wanted to or not. they would take that from the savings accounts. this is the first time we've seen a eurozone bailout structured in such a way. if it passes. if it doesn't, cypress says it will grow bankrupt. right now minimal effects on our markets here at home. but the dow is trading lower. here is background on cypress. it is at the eastern end. mediterranean sea, 30 miles south of turkey. you see it on the map. it is a very small country, smaller than the state of hawaii. its population of a little more than a million people is roughly the city of dallas. its gross domestic product of $23.6 billion is about the same as the state of vermont. there will be a quiz on all of this later. charles payne, fox business network around ceo of w street.com. charles, a little country. why such a big deal? >> it is such a big deal for several reasons. first of all we know greece is small country, not as small as cypress but these things have a ripple effect. also the draconian nature of this. everyone watching this thinks their saving a
down party lines. the budget poses a trillion dollars in tax increases with modest spending cuts. it is going to go to the republican controlled house where all expectations are that it will be rejected. republican senators had proposed dozens of amendments. >>> it's a least rare occurrence in history. this morning more than 1,000 people gathered outside the papal retreat near rome. they were hoping to catch a glimpse of pope francis. he went there to eat lunch with his predecessor. vatican observers say they may discuss security leaks. >>> rosemary, i gotta tell you, allergies are killing me. >> spring has sprung. you are right, we are going to have another beautiful day out there. temperatures will be on the mild side and in some cases, will reach near 70 degrees. the official sunraise around the bay area, 7:08. so it is now up and shining. we again have mostly clear skies to start your day. a little patchy fog near half- moon bay but it should be burning off fairly quickly as we get into the next hour. temperatures a little cooler than where we were yesterday, he is special in
lenders to place a 20% tax over any account above $100,000 euros. now there have been mass protests. the european union says the east mediterranean island must raise $7.5 million u.s. dollars on its own before it can receive a $13 bailout. >>> south korea are accusing north korea of training malware cyber warriors. no connection to north korea has been found. investigators say there have been six cyber attacks coming from the country since 2009. they also say north korea is pouring money into science and technology. >>> the city of san jose is expected to approve a $7 million incentive for samsung to improve its company. it would replace existing offices with a more modern facility. right now the building offers 200,000 square feet of space but the company wants to expand it to 680,000 by building two ten story towers which would employ at least 10,000 people. >>> lowe's is being accused of december crimination. the chronicle is now reporting that six current and former employees have filed a lawsuit in superior court. they say lowe's hired minority employees to comply with an agree
investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. many cereals say they're good for your heart, but did you know there's a cereal that's recommended by doctors? it's post shredded wheat. recommended by nine out of ten doctors to help reduce the risk of heart disease. post shredded wheat is made with only one ingredient: one hundred percent whole grain wheat, with no added sugar or salt. try adding fruit for more health benefits and more taste in your bowl. it's the ideal way to start your heart healthy day. try post shredded wheat. this has been medifacts for post shredded wheat. to help protect your eye health as you age
$9,000 taken out if they're indeed taxed at 6.75%. unlike greece they're not going to be seeing things like wages and pensions cut. so if this does happen in cyprus, it's going to be sort of quick and painful one-time event instead of a more prolonged agony, suzanne. >> are u.s. investors concerned about the possibility of a ripple effect? is that basically the idea? because cyprus is so small they could see this in many other places? >> exactly. that's what they're concerned about right now. europe is one of our biggest trading partners. if cyprus's situation starts to effect other european countries, that could easily ripple over to the u.s. and effect a stock rally that so many of us have profited from in our mutual funds, retirement plans and so on. one analyst says markets are calm for now but things could get bad quickly if this combines with any future crisis in the eurozone. we'll see what happens with the vote tomorrow. stocks seem to be mostly holding their own here. we're not seeing too much panic, suzanne. >> okay. that's good. zain, thank you. appreciate it. so the
. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. i'm just red carpets, big spectacles and the a-list. that's only the beginning. i have more than one red carpet. i like all sorts of spectacles. from the grandiose, to the impromptu... to the completely unexpected. and you'll only have to think about a list... when you cross this, off your own. los angeles. endlessly entertaining. plan your getaway at discoverlosangeles.com > time for the "ridiculist." tonight it is a full-on "ridiculist" mystery. a cold case that is near and dear to nancy grace's heart, literally as in her necklace is missing. we'll hear from nancy in just a
rescuing cyprus from bankruptcy and collapse of its banking system. the controversial plans tax bank deposits will be scrapped. the deal would shut down the second largest bank. >>> secretary of state john kerry delivering a warning to iraqi leaders during a surprise weekend stop in baghdad. the u.s. wants iraq to stop letting iran use airspace for flights to syria. officials believe the flights are carrying weapons to the syrian government. iran says flights are bringing humanitarian supplies to syria. >>> new developments in the murder of colorado's top corrections officer. abc news learned prisons in the state have been on lockdown because of fears there could be more attacks. and it all appears to be linked to a white supremacist group. >> reporter: the motive for the murder of tom clements may have been revenge for breaking up a prison gang. clements concerned about the rise of a white supremacist group, 211 crew, sent its leaders to another prison trying to diminish their power base. evan ebel just paroled in january was a member of 211 crew. law enforcement yet to confirm the
to sell it and to really regulate it. so basically taxed and regulated the industry. this is much more different than even what is the case in places like amsterdam where everybody thinks it's sort of, you everywhere. this is even more expansive than that. this is two states but people that are believers in the industry really think that this opens the pathway for legalization, you know, in many more states down the road and the opening of a huge industry. >> lee, your article also mentions this network that links up marijuana startups with investors but you write that this is not just a bunch of pot heads sitting around sharing ideas. who are these people? >> no. that's what's most interesting. that's what shows you that this is really an industry that people have high hopes on. this is a -- this company basically brings entrepreneurs into a room with potential investors and lets them kind of give their elevator pitch and the entrepreneurs can meet with the investors and do deals of whatever kind they want. the kinds of investors coming to these meetings are basically, you know, peopl
of the income tax and so one and even though nixon backed away from it, it was a certain standard set about the welfare system in the country that you have to give maximum credit for. the philadelphia hiring plan and others so she was a pretty good domestic president. i talked to a guy named paul musgrave who said in the first three or four months of the presidency it was like a golden age if you go back and look at it again it's amazing. all the stuff is going on, new policies and ideas, and the public pieces, john osborn wrote for the watch and said the domestic policy meetings they sit around for hours laughing it and there on a whole different side of mixing. then it all stopped. he stopped. he lost interest. >> that is what makes him such a puzzle. >> i'm not suggesting that you are doing this but i was watching on c-span some clips from nixon's state of the union address. again, i am not suggesting this is a way of becoming healthy, but i did it. and i noticed him talking again and again about the environment. and how proud she was of his achievement in cleaning up the aerts and of th
't need any taxes. >> there you go. yeah. >> talk ourselves into a circle. >> from the basketball court to the courtroom. the athletic star relieved after a big legal decision. >> later, wild animals, tamed, as pets. foxes, maybe? what do you think? are they worthwhile companions? how much would you pay for one? you are watching "world news now". ♪ "world news now" weather brought to you by lyme away turbo power. using that cleaner.od luck excuse me, miss ? he's right. those are tough hard water stains, and that cleaner's not gonna cut it. truth is, 85% of us have hard water and many don't even know it. you need lime-a-way. lime-a-way is specially formulated to conquer hard water stains. it's 4 times more effective at removing lime scale than the leading bathroom cleaner. see the lime-a-way difference or your money back. [ female announcer ] stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. get 4x the protection against stress sweat. given way to sleeping. tossing
they are raising a lot of money. in their own cases, it is their own money and it is not tax deductible. sylvester both mcmonkey mcbean anthe star- part of aeetches are privileged class. the analogy in the case of mass incarceration, the privileged class of folks who are not as worried at about being incarcerated. middle toe iddle to -- upper class, wealthy, white, you're not as worried about being stopped, frist, incarcerated but there are groups that benefit even more among the privileged class. i think about the corporate contract that provides prisons with all the have. everybody from victoria's secret to dell computers havhad private contract in prison that benefit from the prison complex. there is a certain group within the privileged class that benefit financially. in many00 cases to keep one person incarcerated. we all live in a state of fear so we opted that cost -- so we all pay that cost well as small percentage of the pvilege to reap the profits financially. forave you done the show kids? communicateway to this to children? >> yes, last week. we had high-school students at a theater la
is expected to vote on a popular new bailout deal today. the deal includes a one-time tax on bank deposits, and it's sparked concerns about the security of savings accounts across europe. natalie, back to you. >> all right, jackie deangelis, thanks. >>> a new battle for new york city mayor michael bloomberg. the health crusader has set his sights on smokers, calling for shops to keep tobacco products out of sights for customers, putting them in drawers and cabinets instead. >>> hillary clinton's newly announced position on gay marriage is fueling speculation she'll run for president in 2016. clinton said monday she supports same-sex marriage because, quote, gay rights are human rights. during the 2008 campaign, she maintained that she supported civil unions but not gay marriage. >>> with a potential government shutdown looming later this month, the white house may have to cancel its annual easter egg roll. kristen welker has more. good morning. >> reporter: natalie, good morning to you. the 135th annual easter egg roll is scheduled for april 1st. on friday, the white house sent out a memo
the situation in cyprus after lawmakers there rejected a controversial bailout proposal that would have taxed regular savings accounts. the concern is that the debt crisis in the eurozone is back on the table and that could weigh on stocks. later today the nation's top money man, fed chairman ben bernanke, he will answer questions on the economy but what investors really want to know if he's going to continue with economic stimulus. natalie? >> jackie deangelis at the new york stock exchange, thank you. >>> a routine stop gave police officers the fright of their lives. officers approached a man sitting in his parked car, said accidentally hit and killed a deer, stowing it in his trunk. the officers asked to see it, and as you saw, when they opened the trunk the young deer jumped out alive, he made a break for it, darted off to freedom in a nearby forest. surprise. still alive. go, little deer, go, go. >> oh my gosh. >> be free. a nightmare about that last night. >> meanwhile we have missed a huge story. >> it's breaking. did you know about this one? >> spring has sprung. >> look at us. >> we
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> i'm christine romans. wall street optimistic about today's federal reserve decision. that's pushing up stock futures. investors hoping to hear the fed reiterate that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll
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